Fans of the famous '80s and '90s rocker Axl Rose, who has a $150 million net worth value, were shocked when news spread about his death flooded the social media on Dec. 3. However, the report was just a hoax and the 52-yaer-old Guns N' Roses front man proved that he's not dead by addressing the issue on Twitter.

Axl Rose's death hoax came from a Web site called MSNBC.website.com. Seems familiar? Well, the Web site was also responsible for Macaulay Culkin's death rumors in November. Though fans were shocked, the report was absolutely fake. According to The Richest, Axl Rose has an estimated $150 million net worth.

Axl Rose is an American singer-songwriter and musician. He is the lead vocalist and the only remaining original member of the hard-rock band Guns N' Roses with a remarkable multimillion net worth. Recently, Axl Rose has been the subject of a death hoax. As reported by the Hollywood Life, Axl Rose addressed the fake death rumors on Dec. 4 at 8 a.m. through a tweet on social media.

"If I'm dead do I still have to pay taxes?" Rose posted on Twitter.

Due to his powerful and wide vocal range along with enthusiastic live performances, Axl Rose has been named as one of the greatest singers of all time by several media outlets. And as the death hoax stunned thousands of fans on social media, it just simply proved that Rose remained one of the most admired musician in the industry. According to Celebrity Net Worth, Axl Rose has a $150 million fortune.

Over the years, Axl Rose has become quite a reclusive figure. Together with his band, Guns N' Roses, Rose enjoyed their great success in the late '80s and '90s as being one of the most popular rock bands at the time. But when the band took a hiatus, Axl Rose disappeared from the public eye for several years.

Meanwhile, Axl Rose is the latest musician to fall victim to a death rumor that's spread fast via social media. The fake report that circulated Wednesday carried the headline, "Sources: Guns N' Roses Frontman Axl Rose Found Dead in West Hollywood Home at Age 52," Billboard.com said. The Guns N' Roses' official Facebook page has since posted a picture of its singer from ParadiseCity.com proving he's very much alive.

As for being the focus of the latest death hoax online, Axl Rose has joined the club including Jon Bon Jovi, Usher and Chris Brown, who have all been prematurely buried on the Internet. Since Axl Rose is not dead, he has an estimated $150 million net worth.